Which one of the following would likely reduce the level of structural unemployment?
A) increasing the minimum wage to encourage more people to work
B) limiting unemployment insurance benefits
C) strengthening restrictions on who can be licensed to enter certain professions
D) increasing the level of union bargaining power
B
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Lowering the reserve requirement ________.
A. reduces the amount of excess reserves the banks keep B. turns required reserves into excess reserves C. increases the total reserves in the banking system D. also reduces the discount rate
A change in the quantity demanded of a good is:
A) the outcome of a change in income. B) represented by a shift to a new demand curve. C) the outcome of a change in tastes and preferences. D) represented by a movement along the demand curve.
If all developed countries were willing to meet the U.N.'s Millennium Aid Goal for foreign aid, this would eliminate global poverty.
Answer the following statement true (T) or false (F)
Consider Figure 12.5. If player A confesses and player B does not, then:
A. both players spend 4 years in jail. B. both players spend 1 year in jail. C. player A spends 0 years in jail, and player B spends 8 years in jail. D. player A spends 8 years in jail, and player B spends 0 years in jail.